KEFI Gold and Copper PLC (AIM: KEFI, OTC: KFFLF) has appointed Addis Alemayehou as an independent non-executive director, marking a significant addition to their board. Alemayehou, based in Ethiopia, brings a wealth of experience and a distinguished track record in business and media ventures. He serves as the chairman of Kazana Group, a prominent investment firm known for its diverse portfolio and strategic investments in Ethiopia and beyond.
Alemayehou’s entrepreneurial spirit is evident through his pivotal role in establishing Kana TV, Ethiopia’s pioneering dubbed television station, which has transformed the country’s media landscape. Additionally, his leadership extends to Afro FM, Ethiopia’s first English-language radio station, and 251 Communications, further solidifying his influence in the media sector.
Beyond media, Alemayehou holds a pivotal position on the board of Dangote Industries in Ethiopia, a key player in Africa’s cement production sector. His involvement underscores his deep-rooted connections within Ethiopia’s business community and his understanding of local dynamics.
Harry Adams, executive chairman of KEFI, expressed his enthusiasm for Alemayehou’s appointment, emphasizing the strategic importance of his local expertise and relationships. Adams highlighted that Alemayehou’s insights will be instrumental in advancing KEFI’s flagship project, the Tulu Kapi Gold Project. This appointment reaffirms KEFI’s commitment to fostering local participation across all levels of management and financing within their operations.
Alemayehou is slated to officially join the board following the upcoming Annual General Meeting scheduled for 22 July. His appointment is expected to bolster KEFI’s strategic initiatives and enhance their presence in Ethiopia’s evolving economic landscape.
